Burlington Stores (NYSE:BURL) Price Target Lowered to $340.00 at Citigroup

Burlington Stores (NYSE:BURL - Free Report) had its price target trimmed by Citigroup from $344.00 to $340.00 in a research report sent to investors on Friday, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the stock. Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $323.20.

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Burlington Stores Stock Up 1.3 %

Shares of NYSE:BURL traded up $3.05 on Friday, reaching $235.76. The company had a trading volume of 1,672,692 shares, compared to its average volume of 1,109,500. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $14.97 billion, a PE ratio of 32.30, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89. The firm's 50 day simple moving average is $268.22 and its 200-day simple moving average is $269.56.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. As a group, analysts expect that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its position in Burlington Stores by 2.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after acquiring an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $764,000. Buckingham Capital Management Inc. increased its holdings in shares of Burlington Stores by 159.0% during the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock valued at $4,965,000 after purchasing an additional 10,693 shares in the last quarter. Logan Capital Management Inc. lifted its stake in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after purchasing an additional 4,695 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after purchasing an additional 26,412 shares during the period.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.